Why a Townhome Might Be Right for You
When searching for a new home, one of the first decisions that many potential buyers must make is the kind of house they want to live in – a single-family home, a condo or a townhome? Most people naturally gravitate towards the American dream of buying a single-family home, planting a garden, and enjoying the monthly grill-outs with their neighbors. But Danny Tanner was onto something when choosing to live in the famous “Full House” townhome, and you may realize that this is also the right choice for you.
Affordability and Ownership
First and foremost, the starting factor that crosses every new homebuyer’s mind – how do you get the most bang for your buck? Townhomes are a great option for those on a budget. They are generally less expensive than buying a single-family home outright, and have many of the same benefits…and sometimes more! You can still grill out and plant a garden. Often, new townhomes already include luxuries like hardwood floors and granite or marble countertops that some homeowners spend time renovating. While townhomes might have a little less space than family homes, it is easier to overlook this small nuance with bonuses like these.
You’re most likely asking yourself, “If townhomes have all of these perks, how does it cost less?” The answer can be boiled down to the concept of ownership and less square footage. In a stand-alone home, you own it all – the yard, the garage, and everything inside of your walls. When it comes to townhomes, the same idea applies, but the land your home is on is commonly smaller; plus the fact that each homeowner shares 1-2 walls with their neighbors, a situation that tends to make buyers hesitant to commit. Read on to understand why these seemed shortcomings are well worth it.
The Homeowner’s Association – a Townhome Owner’s Best Friend
The HOA is usually looked at as a rule-enforcing figure – in many neighborhoods with single-family homes, they are there to collect annual fees, make sure landscaping is kept up, while determining acceptable color schemes for the houses in a neighborhood. However, townhome owners are able to use this group to their advantage. In contrast to single-family homeowners, some townhome owners enjoy more HOA services as some are responsible for up-keeping your lawn, repainting exteriors, replacing roofs, usually providing hazard insurance, and keeping amenities clean and functioning.
That’s Right, Amenities
And wait, there’s more! Some townhome communities include certain shared benefits for everyone in the community such as a pool, gym, or recreation center…all without you having to worry about the maintenance (thanks, HOA!). With these perks, it also makes it easier when it comes to forming a tight-knit community. Many townhome neighborhoods form close relationships with others since there’s activities for everyone to take part in. If living in a social area is what you’re looking for, a townhome is a great way to go.
With the trend in people downsizing their homes, new townhomes are perfect option for many couples and families. Stanley Martin Homes offers both beautiful townhomes and ideal single-family homes in the Central Florida area. For more information, don’t hesitate to contact our online concierge, Todd Simon at firstname.lastname@example.org to satisfy any housing questions you may have!